Full Truck Alliance Co (Full Truck Alliance Co) ROCE % : 6.70% (As of Dec. 2023)

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What is Full Truck Alliance Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Full Truck Alliance Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.70%.

Full Truck Alliance Co ROCE % Historical Data

The historical data trend for Full Truck Alliance Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Full Truck Alliance Co ROCE % Chart

Full Truck Alliance Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-10.33

-18.69

-13.42

1.48

6.59

Full Truck Alliance Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											2.48	5.09	7.18	7.47	6.70

Full Truck Alliance Co ROCE % Calculation

Full Truck Alliance Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	326.867	/	( ( (5263.61 - 391.836)	+	(5510.721 - 458.625) )	/ 2 )
	=	326.867	/	( (4871.774	+	5052.096)	/ 2 )
	=	326.867	/	4961.935
	=	6.59 %

Full Truck Alliance Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	333.46	/	( ( (5337.677 - 430.027)	+	(5510.721 - 458.625) )	/ 2 )
	=	333.46	/	( ( 4907.65	+	5052.096 )	/ 2 )
	=	333.46	/	4979.873
	=	6.70 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Full Truck Alliance Co (NYSE:YMM) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Full Truck Alliance Co ROCE % Related Terms

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Full Truck Alliance Co (Full Truck Alliance Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Full Truck Alliance Co Ltd (NYSE:YMM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

892:Germany

Address

20 Fengxin Road, Wanbo Science and Technology Park, Yuhuatai District, Nanjing, CHN, 210012

Website

https://www.fulltruckalliance.com

Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and the website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers' and truckers' use of its platforms in connection with freight matching services and value-added services.